The FX PostThe FX Post
    What's Hot

    Strong Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation | Ethereum Ethereum Accumulation | CryptoRank.io

    July 1, 2025

    Economic Calendar for the Week of June 29th

    June 30, 2025

    XRP jumps on Ripple-SEC update, Pomp scoops up $386M BTC: Hodler’s Digest, June 22 – 28

    June 29, 2025
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Bitcoin’s Price Rebound to Above $31,000 Likely a “dead cat bounce” Says Ayyar
    Crypto News

    Bitcoin’s Price Rebound to Above $31,000 Likely a “dead cat bounce” Says Ayyar

    July 21, 20211 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Bitcoin Falling Apart To Digits Concept. 3D Model.
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Bitcoin and other cryptocurrencies rebounded on Wednesday after a massive sell-off, with the world’s biggest digital coin recovering back over $30,000.

    • The price of bitcoin increased by 6.9% in the last 24 hours to $31,539 at 10a.m ET. Smaller cryptos ether and XRP recovered, increasing by 9% and 6% respectively.
    • The crypto market plunge became news after the New Jersey attorney general ordered crypto lending firm BlockFi to stop providing interest-bearing accounts.
    • The reason for the rebound on Wednesday is still uncertain. Cryptocurrencies are volatile and undergo a flurry of price swings.
    • Vijay Ayyar, head of Asia-Pacific at cryptocurrency exchange Luno describes the upward price movement as a dead cat bounce, where an asset recovers slightly from prolonged decline before continuing to slip.
    • Ayyar expects further price drop, with major cryptocurrency potentially slumping as low as $24,000-$25,000.

    Cryptocurrencies are likely to continue with a downward trajectory amid growing crackdown from governments and regulators across the world.

    BTC USD gains +6.77%, ETH USD gains +7.81%, XRP USD up +6.10%

    Source: CNBC.

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    bitcoin Cryptocurrency
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    Satoshi Nakamoto, BlackRock, and TechBerry — a new investigation by Newsweek

    May 28, 2025

    Bitcoin Price Hits $65,100

    March 4, 2024

    Cryptocurrency Market Overview

    February 27, 2024

    Ether Outperforms Bitcoin

    February 21, 2024
    Add A Comment

    Leave A Reply Cancel Reply

      −  1  =  1

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • Strong Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation | Ethereum Ethereum Accumulation | CryptoRank.io
    • Economic Calendar for the Week of June 29th
    • XRP jumps on Ripple-SEC update, Pomp scoops up $386M BTC: Hodler’s Digest, June 22 – 28
    • Man charged in New York with 3-week kidnapping to try to steal Bitcoin
    • Goldman Sachs Expert Predicts Significant Gold Price Surge by 2026
    Featured Reviews

    Traders Connect Review

    May 18, 2023

    System Levels Review

    May 26, 2023
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Crypto Robot
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2025, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.